You want to start your own small business. Write a letter to a bank requesting information about obtaining a business loan to finance your new company. In your letter, include the following information: 1) what kind of business you want to start 2) how much money you need 3)the length of time over which you would expect to repay the money. Write at least 150 words. You do NOT need to write any addresses
Dear Sir/Madam,
I am Theo Akl. I am writing
this
letter to seek information regarding a business loan for my startup. I want to open my small cafe in the town. I have been working in a cafe as a senior manager for two years. I believe that, in this
area, cafes attract a large portion of customers of all ages. In our town, there is only one coffee shop, which is also
always closed. Hence
, it is a good startup opportunity in this
city.
I require 50,000 dollars for my startup, including investment in equipment and furniture. I have attached the list of my expenditures with this
letter.
I need a loan for five years. I have talked to my accountant, and our estimated profit will be 10,000 dollars after the deduction of everything, which can help us to pay the loan back during the repayment period.
I would greatly appreciate it if you could provide any information about your plans and interest rates. Thank you for your assistance in this
matter, and I look forward to your prompt response. Please feel free to contact me at [email protected] if you need any clarification.
Yours Sincerely,
Theo Akl.Submitted by maangaganpreet51 on
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task achievement
Ensure all relevant details are provided clearly, especially when describing the expected profit margin and repayment strategy.
coherence and cohesion
Keep coherence by linking paragraphs smoothly with linking words.
task achievement
Polite and professional tone throughout the letter.
coherence and cohesion
Clear and structured paragraphs, each with a distinct focus.
coherence and cohesion
Excellent greeting and closing, establishing a professional tone.